Saudi Arabia, CTO, Factpage

Saudi Arabia has three marketing regions that they operate from. One is the Western region, and it contains Jeddah, a commercial center. The second region is the Central region, and that is where the Saudi Arabia capital, Riyadh, is located. Finally, there is the Eastern region, and that is where a majority of the oil and gas industry operates from. Saudi Arabia’s main exports are crude oil, natural gas liquids, and refined products. According to the Vyapaar Asia Trade Hub website, petroleum and petroleum products make up 90 percent of the Saudi’s exports, and their exports total to about $59.7 billion. Their major trade partners are Japan, United States of America, South Korea, Singapore, and India.

Saudi Arabia mainly imports machinery, electrical equipment, motor vehicles, chemicals, textiles, and appliances. The second largest import is foodstuffs, and this is mainly because Saudi Arabia agriculture only consists of wheat, barley, tomatoes, melons, dates, citrus, mutton, chickens, eggs, and milk. The imports total about $26.2 billion a year, and Saudi Arabia mainly imports from the United States of America, United Kingdom, Japan, Germany, and Italy.

Saudi Arabia does not seem to be suffering from debt or inflation. In fact, they have a high standard of economic goals that they trying to achieve, which means that they embrace foreign capital. The Saudi Network website says that “Saudi Arabia actively encourages foreign investment, especially if the projects have a lasting developmental effect on the country's economy and promote industrialization and technology transfer.” The Saudia-online website says that the government “established [a] policy [that does not] impose any restrictions on the movement of capital into and out of the Kingdom.” With this policy in tact, the country will have a good amount of opportunities to better its economy with foreign investments and with those investments will come more technology.

Since the Saudi Arabia government is open to technology and foreign investments within their country, they are more likely to have a secure and prosperous economic future, which is exactly what they want. The best way to maintain this is to continue on with what they are doing and to form strong allies to help keep the peace.